John EmbryLegend Gold Corp.LGN.VTOP PICKApr 17, 2006
A 1st class organization. Has acquired some uranium properties in Niger which is the 4th or 5th largest uranium producer in the world. Fairly priced in the mid-$3’s on its gold assets in Mali, but with the Niger holdings, it’s quite under priced.
Has been disappointed. A classic case of over promising and under delivering. They have kept the market cap pretty tight, so not a lot of shares are outstanding.
(A Top Pick Apr 17/06. Down 29%.) Were just moving into Niger for uranium to complement their gold operations and somehow it just didn't collect. Good value at this price.
Having spectacular results in Mali. Looks like a major discovery. Have been able to keep their market cap real tight because when they made the discovery, they had only 20 million shares outstanding.
Very few shares outstanding. Likes the land package and the managment. Has keep his capitilzation tight. Only 20 million shares outstanding, so if you find something you get terrific leaverage.